When wrapping, the author sets a transfer’s fee. This fee goes back into the contract, and a percentage (royalty) is paid to the author of the wrapped token.
What makes Envelop special
Protocol
wrapps collateral, distributes royalties, adds value from transactions to the wrapped collateral
Oracle
monitor the transactions of NFTs, filter spam transactions and increase the value of NFTs, depending on the transactions performed.
Index
monitors the market activity from different sources, providing an objective picture of the market in real time. Real NFT 2.0.
Use case
You can create an NFT on ENVELOP, wrap it with collateral and sell. The transfer will be registered by the oracle, and the protocol will put a share of the money paid on the transfer into the wrapped collateral, elevating the NFT’s value.
The index will register the transfer and will reflect it in its market statistics for everyone to see.
Gaming
Increase functionality of heroes and game objects. Upgrade skill tokens and unlimited issuing of new items providing infinite economic growth possibilities for games and gamers. Provides a perfect opportunity for partners cross promotion combining tokens and NFTs.
SAFT
Safe Automated Future Tokens give VC’s liquidity. The project tokens are distributed in the form of wNFTs with time-locks. This preserves the contributors liquidity and reduces the risk of the project’s price being dumped. Overall providing a more cost effective, secure and more efficient smart contract locker.
Marketplaces
Guarantee an NFTs unburnable value with collateral-secured floor prices. Provide a more dynamic NFT experience for users. Ability to earn royalties on future trades on other marketplaces.
Launchpads
Projects can create wINO’s (Wrapped Initial NFT offerings) containing project tokens with time- locks. This allows projects to sell Collectibles and fundraise simultaneously and fans to take part in projects at early stages with added features.
Metaverses
Placement of advertisements connecting web 2 and web 3 audiences. Non-pledge rentals, vast tracking and analytical metadata capabilities. Allowing any NFT to be monetized by owners via ads.
AR and VR
Using Augmented and Virtual reality, digital assets can be hidden inside objects. Wrapped NFTs can be won using the play to earn model.
Music
Time locks for release dates. Collateral can be paid like a subscription to pay for the storage on the network. Multi functionality royalty set-up which allows owners to receive for their work.
Flippers and Traders
Benefit from a faster execution of trades.
Index
Users can create their own index to hedge it’s position to the exact area of the market they would like to focus on eg. GameFi, web3, DAOs, DeFi etc. Alternatively one can choose a particular ecosystem like BSC/BNB and all projects on the network.
Real Estate and Land
Royalties can be paid to owners or agents who sell tokenized real estate. Collateral can be used as deposits that can be redeemed after a certain amount of time. NFT lands used in games and metaverses can have hidden treasures in the form of crypto assets, which can be found in the form of crypto assets.
Inheritance
A parent can create a wNFT with liquidity locked up until the age of maturity and pass it on to their children. The protocol settings allow users to minimize the risk of losing access to the main wallet by setting the NFT transfer logic to the 2nd, 3rd, etc. wallets.
AR and Airdrops and Giveaways
Projects can airdrop wNFTs to their loyal community as rewards or prizes for competitions. Using timelocks the project will guarantee that the receiver will HODL the tokens. The receiver will get an NFT and project tokens at the same time, this also provides a perfect option for partnerships cross promotions.
GiNFTS
Gift NFTs can be bought and sent to receivers wallets with an unwrap time-lock set for a special date in time.
Fashion and Wearables
Digital fashion pieces such as bags, wallets, jackets and wearables can contain crypto assets inside them that can be used to. Designers can receive royalties independent of where sold.
HODL Vault
Storage of crypto assets with time-locks allows for the token and assets to gain value and avoid paper hands during a bearish market.
Creators
Set parameters for the NFT such as: collateral, timelocks, fees and royalties.
Access
Utilized as tickets, AAA passes, for one off events and lifetime access. Holders can receive drops for loyalty.
Partners
Team
We are decentralized team gathered to deliver ENVELOP solutions. Basing on principles of WEB3 we unite people from all over the world to contribute for the whole industry.
Questions & Answers
How are fees allocated when wrapping through a protocol?
Why did you choose the ethereum blockchain and how the ether scaling difficulty affects the project?
This could be wrapped bitcoin (wBTC and others), ERC-20 and/or BIP-20 tokens, cryptocurrencies of various types, etc. The Protocol is initially built on the Ethereum blockchain (including via the L2 layer — e.g. Polygon) and BSC, but in the future (see Roadmap) it is planned to create implementations on Flow, WAX, Solana, Polkadot, Cosmos, Avalanche and other DRS, because we are deeply convinced cross-chain is the future of all decentralised and distributed systems. Exactly the same applies to second and subsequent layer solutions. ENVELOP likewise supports multiple token standards, including such less frequent ones as Atomic DSS, R and DS token standards.
Achievements
ENVELOP Innovations
The World’s 1st wINO
Envelop made history when it became the 1st project to do a wrapped Initial NFT Offering. The first ever wINO was completed on the Envelop launch pad on October 20, 2021.
The Worlds 1st VC contribution via SAFT (Safe Automated Future Tokens) wNFT
On November 11, 2021, ENVELOP enabled the 1st ever Venture Capital distribution via wNFT.
The Worlds 1st L3 liquidity provider via wNFT
The ENVELOP Oracle is a 1st of its kind, allowing anyone or anything to become a Liquidity Provider, with the Oracle itself being any smart contract that implements the defined functions.
The Worlds 1st farming via wNFT
DAO ENVELOP is the creator of the farming approach by which one can lock in liquidity in different tokens and coins, gaining rewards for doing so, but also have wNFT to sell on the secondary (OTC/DEXs) market.
Supported by Partners
Support from Animoca Brands
Renowned venture capitalist investors Animoca brands have backed Envelop’s wNFT technology.
Grants and Hackathons
Top-10 at Binance Russia Hackathon
55 teams took part in the hackathon. ENVELOP was acknowledged as top 3 project and took part in a private presentation to Binance Global.
Grant from Rarible
At Binance Hackathon Russia 2021, ENVELOP was given a grant by Rarible in the category «MVP functionality». The grant was awarded on 27.04.2021.
ENVELOP MVP in a video
Grant from Polygon
Polygon gave a grant to ENVELOP for the implementation of the ENVELOP protocol to the Polygon network. The grant was awarded on 25.06.2021.
Grant from Swarm
ENVELOP received a grant from Swarm to further develop Envelop with Swarm’s technology, integrating ENVELOP’s proprietary technological system into SWARM’s peer-to-peer networked node system. The grant was awarded on December 17, 2021.
Grant from Harmony
Harmony awarded Envelop a grant to build their wNFT technology on their Testnet. The $50,000 grant was awarded at the end of 2021.
Grant from Near
Near also awarded Envelop with $50,000 grant to build their wNFT technology. Near will also act as a consultant in search of new partnerships and collaborations for ENVELOP. The grant was awarded on January 11, 2022.
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